Ola Electric lays out vision; plans to launch motorcycles, SUVs, robotaxis

Ola Electric, the ride-hailing firm’s electric vehicle arm, has laid out its vision to become a vertically integrated electric mobility player across two-wheeler and passenger vehicle segments. The company calculates the opportunity size at $1 trillion at a volume of 155 million units, according to a Kotak Institutional equities report.

The SoftBank-backed company has also announced its target to attain 15 per cent of the global capacity for electric two-wheeler vehicle manufacturing. Further, it plans to make significant investments in R&D to drive the vertical integration strategy, especially in battery cell technology as well as traction motors.

“We recently visited the Ola future factory and interacted with the management at Ola Electric,” said the Kotak report.